Simple Documentary Credit format


In response to numerous requests from trade practitioners, the ICC recently released a Guidance Paper which includes recommendations for a simple documentary credit format.


This paper highlights that a simple documentary credit is a value-added option in well-established relationships between an applicant and a beneficiary. As such, it provides guidance in respect of the optimal approach required in order to achieve a straightforward, uncomplicated documentary credit format.       


We support and recommend this paper, which can be found at the below link.       


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